- Railway staff who is not eligible for final withdrawal can opt for temporary withdrawal from PF.
- No advance shall not be granted until at least 50% of last advance has been repaid.
- Amount of advance shall be such that after making all recoveries net amount payable is not less than 50% of Basic pay of the Railway staff concerned.
- For Running staff Basic Pay + 30% will be taken for calculating the advance.
- Permitted on following occasions:
On medical Grounds
- Eligible for the employee himself or his/her family members, dependent person, minor brother, unmarried sister or widowed sister.
- Amount – 3 months pay or 50% of amount at credit of the Railway employee whichever is less.
- Recovery – Minimum 12 and Max 24 equal monthly installments.
Marriage/Betrothal
- This advance is payable for Marriage/Betrothal of Railway employee or his children, dependent person, minor brother, unmarried sister or widowed sister.
- Amount – 3 months pay in case of marriage/betrothal of male and 6 months in case of female. In special case it can be 6 and 10 months of pay respectively.
- Recovery – 60 equal monthly installments.
- If amount at credit is less than Rs. 10000/-, 90% of amount is permissible.
Education
- This advance is permitted for the education of dependent of a Railway staff beyond high school stage.
- Amount – Rs.1000/500 in case of Gazetted/non Gazetted Railway employee.
- Recovery – 24 equal monthly installments.
- The limit can be extended to 3 months emoluments for education abroad and 1 1/2 months emoluments for education in India.
Medical Treatment abroad
- For an employee proceeding on leave out of India on medical condition or returning after such absence.
- Amount – Actual cost of passage.
- Recovery – 24 equal monthly installments.
House Building
- This advance is given to a Railway employee to meet the cost of flat or construction of house for residence or to make any payment towards allotment of plot/flat by Housing Board/Housing Society.
- Amount – 3 months emoluments or in special cases upto 6 months emoluments or half the amount at credit of the subscriber whichever is less.
- Recovery – 60 equal monthly installments.
- Opening of book stall by unemployed Graduate son/daughter of a Railway employee.
- An advance of Rs.3000/- to be recovered in 24 equal monthly installments.
Opening of book stall by unemployed Graduate son/daughter of a Railway employee
- An advance of Rs.3000/- to be recovered in 24 equal monthly installments.
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Wait for 15 years to
Wait for 15 years to complete. Next month you can apply.